Company Valuation: Nutrien Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 42,885 37,993 27,955 22,079 29,865 39,846 - -
Change - -11.41% -26.42% -21.02% 35.26% 33.42% - -
Enterprise Value (EV) 1 53,232 49,020 39,580 34,033 41,183 49,284 49,198 48,324
Change - -7.91% -19.26% -14.01% 21.01% 19.67% -0.17% -1.78%
P/E ratio 13.6x 5.15x 22.3x 32.9x 13.3x 14.8x 16.6x 17.7x
PBR 1.77x 1.43x 1.12x 0.9x 1.19x 1.52x 1.49x 1.41x
PEG - 0x -0.3x -0.7x 0x 0.7x -1.6x -2.74x
Capitalization / Revenue 1.6x 1.03x 1x 0.88x 1.15x 1.47x 1.49x 1.47x
EV / Revenue 1.98x 1.32x 1.41x 1.36x 1.59x 1.82x 1.83x 1.78x
EV / EBITDA 7.47x 4.03x 6.53x 6.36x 6.81x 7.73x 8.09x 8.07x
EV / EBIT 11.1x 4.54x 14.4x 18.3x 11x 11.8x 13x 13.8x
EV / FCF 25.3x 8.64x 16.5x 24.6x 20.6x 18.8x 20.2x 23.2x
FCF Yield 3.95% 11.6% 6.05% 4.06% 4.86% 5.33% 4.95% 4.31%
Dividend per Share 2 1.84 1.92 2.12 2.16 2.18 2.207 2.241 2.252
Rate of return 2.45% 2.63% 3.75% 4.83% 3.53% 2.67% 2.71% 2.72%
EPS 2 5.52 14.18 2.53 1.36 4.66 5.591 4.995 4.672
Distribution rate 33.3% 13.5% 83.8% 159% 46.8% 39.5% 44.9% 48.2%
Net sales 1 26,861 37,012 28,082 25,016 25,949 27,127 26,822 27,175
EBITDA 1 7,126 12,170 6,058 5,355 6,046 6,378 6,081 5,988
EBIT 1 4,781 10,809 2,745 1,856 3,736 4,181 3,789 3,492
Net income 1 3,153 7,660 1,258 674 2,267 2,728 2,366 2,334
Net Debt 1 10,347 11,027 11,625 11,954 11,318 9,438 9,352 8,478
Reference price 2 75.13 73.04 56.53 44.70 61.79 82.82 82.82 82.82
Nbr of stocks (in thousands) 570,786 520,184 494,547 493,910 483,341 481,141 - -
Announcement Date 16/02/22 15/02/23 21/02/24 19/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.81x1.82x7.73x2.67% 39.85B
8.54x - - - 1.7B
Average 11.68x 1.82x 7.73x 2.67% 20.77B
Weighted average by Cap. 14.56x 1.82x 7.73x 2.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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